After building up to a hair-raising climax, the long-awaited showdown in the fight for control of Fairbanks, Morse & Co. left everyone still in suspense. In Chicago last week, the company's annual meeting was held as scheduled, but it produced no winner. Led by President Robert H. Morse Jr., F-M's management hurled a lawsuit against Financier Leopold Silberstein and his Penn-Texas Corp., alleged that Silberstein acquired thousands of F-M shares and voting rights "illegally" through Swiss banks and other mysterious sources (TIME, March 25), is not entitled to vote them. Hearing...
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